> The definition of a recession is two consecutive quarters of negative gdp growth That’s not the definition of a recession: > the often-cited identification

> The definition of a recession is two consecutive quarters of negative gdp growth That’s not the definition of a recession: > the often-cited identification of a recession with two consecutive quarters of negative GDP growth is not an official designation. The designation of a recession is the province of a committee of experts at the National Bureau of Economic Research (NBER), a private non-profit research organization that focuses on understanding the U.S. economy. The NBER recession is a monthly concept that takes account of a number of monthly indicators—such as employment, personal income, and industrial production—as well as quarterly GDP growth. https://www.bea.gov/help/glossary/recession https://www.bea.gov/help/glossary/recession